Russian Finance Minister Recommends Holding Savings in Rubles for Better Financial Security

Russian Finance Minister Anton Siluanov said he considers investing in the ruble and savings in the Russian national currency a good way to keep savings and make a profit.

The Minister pointed out that there are many new ways to do this.

Siluanov added in a TV interview: “We will have many new instruments in rubles – these are individual investment accounts, a system of long-term savings of citizens will soon work, and therefore, in addition to foreign currencies, the ruble, and investing in it as a reliable, highly profitable asset is a good tool” .

Earlier it was reported that the Ministry of Finance of Russia, as part of the financial market development strategy until 2030, is developing a long-term voluntary savings program that will allow citizens to receive additional income in addition to government payments after retirement.

For example, citizens’ money will be invested in Federal Reserve bonds (OFZ), infrastructure bonds, corporate bonds and other securities.

Source: TASS

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